HomeMy WebLinkAboutReso 1990-240 - Involving tax transfeers between the ceterville community services district i
RESOLUTION NO. 90•21710
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDDING INVOLVING TAX
TRANSFERS BETWEEN THE CENTERVILLE COMMUNITY SERVICES DISTRICT AND THE
CITY OF REDDING FOR THE CENTERVILLE C.S.D. REORGANIZATION NO. 90-1
(WESTSIDE ESTATES/RIDGEVIEW SUBDIVISIONS) .
BE IT RESOLVED by the City Council of the City of Redding as follows:
WHEREAS, Assembly Bill 8 (Chapter 282) Statutes 1979, as subsequently
amended, provides for any County Board of Supervisors or the Board of
Directors of any special district and any affected city to determine an
appropriate property tax transfer for all jurisdictional changes of
organization or reorganization occurring within County prior to the proposal
being considered by the Local Agency Formation Commission (LAFCO); and
WHEREAS, the current distribution of property taxes for the affected
properties within the affected tax rate areas 001-037 and 001-157 is as
follows:
AREA TO BE ANNEXED AREA TO BE DETACHED
APN 81-330-51 A Portion of APN 81-330-56
(Westside Estates Subdivision) (Ridgeview Subdivision)
15.35% City of Redding's share 9.05% City of Redding's share
0.25% Centerville CSD's share 7.00% Centerville CSD's share
84.40% Non affected agencies share 83.95% Non affected agencies share
100.00% Total 100.00% Total
and
WHEREAS, Senate Bill 180 (Chapter 801) requires that non affected local
agencies percentage share will remain constant; and
WHEREAS, the affected local agencies have a combined tax apportionment
factor in the annexation of the Westside Estates Subdivision of 15.60% and in
the detachment of the Ridgeview Subdivision of 16.05% which is subject to
negotiation for a tax exchange as a result of the proposed change of
organization or reorganization; and
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WHEREAS, the Centerville Community Services District and the City of
Redding wish to agree to a fair share distribution of remaining property tax
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revenues.
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the
Centerville Community Services District does hereby agree to the following
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formula for property tax distribution within the affected areas after the
change of organization or reorganization including modifications to the
reorganization area that are approved by LAFCO:
AREA TO BE ANNEXED APN 81-330-51 (Westside Estates)
1. Base Tax Revenue:
.1 A. "Base year tax" as defined in Revenue & Taxation Code shall be
distributed as follows:
(1) To the District, 45.6% of the base year tax allocated to
the City in the fiscal year of the reorganization.
(2) To the City, 54.4% of the base year tax allocated to the
City in the fiscal year of the reorganization.
1 2. Annual Tax Increment Revenue:
Annual tax increment as defined in Revenue & Taxation Code resulting
from increases in assessed valuation over the base year valuations
shall be distributed between the District and the City on the basis
of 45.6% to the District and 54.4% to the City.
AREA TO BE DETACHED A Portion of APN 81-330-56 (Ridgeview Subdivision)
1. Base Tax Revenue:
A. "Base year tax" as defined in Revenue & Taxation Code shall be
distributed as follows:
(1) To the District, 0% of the base year tax allocated to the
City and District in the fiscal year of the
reorganization on that portion of the area subject to
boundary change.
(2) To the City of Redding, 100% of the base year tax
allocated to the City and District in the fiscal year of
the reorganization on that portion of the area subject to
the boundary change.
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2. Annual Tax Increment Revenue:
Annual tax increment as defined in Revenue & Taxation Code resulting
from increases in assessed valuation over the base year valuations
shall be distributed between the District and the City on the basis
of 0% to the District and 100% to the City on that portion of the
area subject to the boundary change.
BE IT FURTHER RESOLVED that the City Clerk of the City of Redding is
authorized and directed to file a certified copy of this resolution, along
I with appropriate fees, with the Executive Officer of the Local Agency
Formation Commission of Shasta County.
I HEREBY CERTIFY that the foregoing resolution was introduced and read at
a regular meeting of the City Council of the City of Redding on the 15th day
of May , 1990, and was duly adopted at said meeting by the
following vote:
AYES: COUNCIL MEMBERS: Arness, Dahl , Fulton, Moss, Buffum
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
74/' SAIIV
ANCY UM, May`
City Redding
ATTEST:
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ETHEL A. NICHOLS, City Clerk
FORM APPROVED:
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ZZ:eeLl'OGe
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DALL A. HAYS, Ci Attorney
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